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Os and Xs have a special meaning in Japan. The circle's symbolic meaning
covers such things as: correct, passing, winning, and OK. The X's symbolic
meaning has a less positive use. The X is used to express defeat, failure,
mistakes, and rejection. The use of the Os and Xs is not merely limited
to physical gestures, one can also find them in writing. An example of
this would be a true false test where O=true and X=false.

When one forms the circle, one uses both the thumb and forefinger, or on can
raise one's arms above one's head so that one's fingers are touching. The X
is formed by crossing forefingers, or by making an X with one's arms. Sometimes
when someone makes the X signal it is followed by the word "dame,"
which means bad, or no good.